Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
Starting with the Nasdaq, we have a technical negative picture but it remains above 200-day MA support. This looks like an index in the process of forming a trading range, but even if this is the case, it's still early days as no trading range boundaries have been set.The S&P 500 tagged its 200-day MA, returning above this moving average after yesterday's close.
We don't know if the index will crash, but what we do know is that historically it's in strong buying territory. If you are an investor, don't be afraid to be a buyer. Future losses - should they come - will be short and sweet. The S&P 500 finished 0.7% in the green on Tuesday as the index continued Monday morning’s rebound off of 4,200 support. As obvious as this sounds, either 4,200 support holds, or it...
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